Pegasus Hotels of Ceylon PLC (PEG) has scheduled an Extraordinary General Meeting (EGM) for 11 September 2026 to obtain shareholder approval for its proposed subdivision of ordinary shares.
The company said the subdivision will be based on the shareholding as at 15 September, which will serve as the record date for the exercise.
Trading in Pegasus Hotels shares will be suspended from 14 to 18 September to facilitate the updating of Central Depository System (CDS) records following the subdivision.
Trading in the subdivided shares is scheduled to resume on 21 September.
Pegasus Hotels said it has also obtained the required concurrence from the Colombo Stock Exchange (CSE) in respect of the relevant documentation for the proposed subdivision.
Pegasus Hotels will subdivide each existing ordinary share into two ordinary shares, doubling its issued shares from 42,210,470 to 84,420,940 without any change to the company’s stated capital.
The stated capital will remain unchanged at Rs.751.55 million. The company reported net assets of Rs. 62.93 per share as of end-June 2026. Carson Cumberbatch PLC was the main shareholder with an 89.98% stake.